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The recovery hasn’t arrived yet, but when it does, North America will be leading the charge, Halliburton Co. CEO Dave Lesar said Tuesday.

ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.

ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.

Freeport-McMoRan Inc. (FCX) dismissed one-quarter of its workforce last week and continues to look for a buyer to take over the distressed U.S. energy portfolio, CEO Richard Adkerson said Tuesday.

Freeport-McMoRan Inc. (FCX) dismissed one-quarter of its workforce last week and continues to look for a buyer to take over the distressed U.S. energy portfolio, CEO Richard Adkerson said Tuesday.

BP plc, the first supermajor out of the gate to deliver first quarter results, posted a surprising net profit that upended Wall Street forecasts as lower costs more than offset the impact of weaker commodity prices.

BP plc, the first supermajor out of the gate to deliver first quarter results, posted a surprising net profit that upended Wall Street forecasts as lower costs more than offset the impact of weaker commodity prices.

Last year was the slowest in eight years for dealmaking in the U.S. natural gas and oil patch, and tepid sales activity continued through the first quarter, according to researchers.

The expected continuation of weak commodity prices dimmed the outlook for the remainder of the year at Kinder Morgan Inc. (KMI), which is feeling the effects of production declines, particularly in the Eagle Ford Shale.